The Ship Report, Friday, April 19. 2024

An episode of the The Ship Report podcast, hosted by The Ship Report, titled "The Ship Report, Friday, April 19. 2024" was published on April 19, 2024 and runs 7 minutes.

April 19, 2024 ·7m · The Ship Report

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Summary

More about general average liability for cargo owners - potentially daunting... Today I'll revisit a concept I talked about on Monday's show... General Average - an ancient maritime principle that governs how losses in a ship disaster are shared between stakeholders. I was talking about the containership Dali and what sort of liability cargo owners on that ship could face. Turns out quite a bit. Disasters are a reason why most companies shipping cargo have insurance against this sort of event. If they don't, it could be devastating.

Episode Description

More about general average liability for cargo owners - potentially daunting...

Today I'll revisit a concept I talked about on Monday's show... General Average - an ancient maritime principle that governs how losses in a ship disaster are shared between stakeholders. I was talking about the containership Dali and what sort of liability cargo owners on that ship could face.

Turns out quite a bit. Disasters are a reason why most companies shipping cargo have insurance against this sort of event. If they don't, it could be devastating.

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